UNITE Group (LON:UTG) Rating Reaffirmed
UNITE Group (LON:UTG) just had their share rating of a ‘”Overweight”‘ issued by research analysts at J.P. Morgan, who now has a GBX 770 PT on the 1.45B GBP market cap company or a 17.83% upside potential. This key information was disclosed in a comprehensive report on Thursday, 10 December.
From a total of 8 analysts covering Unite Group PLC (LON:UTG) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 71% of the ratings are positive. The highest target price is GBX 780 while the lowest target price is GBX 593. The mean of all analyst targets is GBX 693.38 with a 8.10% above today’s (GBX 652) stock price. Unite Group PLC was the topic of 12 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on December 1 with “Hold” rating. Numis Securities maintained UTG stock in a recent report from October 5 with “Add” rating. Finally, JP Morgan maintained the stock with “Overweight” rating in a report issued on a September 1.
Approximately 58,421 shares of stock traded hands. UNITE Group plc (LON:UTG) has risen 11.27% since May 13, 2015 and is uptrending. It has outperformed by 13.21% the S&P500.
The UNITE Group Plc is a developer and operator of student accommodation. The company has a market cap of 1.45 billion GBP. The Company’s properties provide accommodation close to University campuses, transport and local amenities. It has 5.41 P/E ratio. It operates under two divisions: Operations and Property.